Havells India declines 3.33% as Sensex slides

Havells India declines 3.33% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 63.31, while the price-to-book value ratio stood at 12.04.

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Shares of . traded at Rs 1099.65 on BSE at 01:50PM (IST) on Friday, down 3.33 per cent from previous close.

The scrip quoted a 52-week low price of Rs 1037.8 and a high of Rs 1419.0.

Earlier, the stock saw a gap down opening in the morning.

A total of 13,343 lakh shares changed hands on the counter till 01:50PM (IST).

The stock of Havells India Ltd. commanded a market value of Rs 68906.48 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 63.31, while the price-to-book value ratio stood at 12.04. Return on equity (ROE) was at 19.93 per cent, according to exchange data.

In the BSE500 pack, 20 stocks traded in the green, while 481 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.14.

Promotor/FII Holding
Promoters held 59.45 per cent in Havells India Ltd. as of 30-Sep-2022 while foreign and domestic institutional investors owned 23.1 per cent and 4.21 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1229.13 on December 23, while the 50-DMA was at 1211.33. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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